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Media company Ozy is shutting down as problems mount

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The media organization Ozy is shutting down after a New York Times column raised questions about its claims of millions of viewers and readers, and described a potential case of securities fraud. Ozy's board did not say why the company was shutting down.

FILE - In this Jan. 24, 2020, file photo, Marc Lasry, co-owner of the NBA's Milwaukee Bucks attends a press conference ahead of NBA basketball game between Charlotte Hornets and Milwaukee Bucks in Paris. Lasry, the hedge-fund billionaire and Milwaukee Bucks co-owner who was named chairman of embattled media organization Ozy earlier this month, has resigned from its board.

The board’s statement did not give the reason for shutting down the company based in Mountain View, California. Ozy did not respond to questions about why it was shutting down now or how many employees it had. In a tweet, Watson claimed 25 million newsletter subscribers — the New York Times, with a much bigger brand presence, says it has 15 million newsletter readers — and more than 30 million views on YouTube. The Times said fewer than 500,000 people went to Ozy’s website in June and July, according to Comscore data.

A high-profile employee, former BBC anchor Katty Kay, resigned earlier in the week, and an early investor, a venture capital firm, gave up its Ozy shares. The board had reportedly hired a law firm to review Ozy’s business activities.

 

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Poor Ozy must be allergic to light , I suggest it forks over it’s records from the shade .

Do Fox 'News' next.

Never heard of it until it shut down.

Probably because of the New York Times column that raised questions about its claims of millions of viewers and readers, and described a potential case of securities fraud

fraud ponzi afraid of audit

Wait....so what's going to happen to KattyKay_ ?!!

No one knows what this was and no one cares.

It that O_ zy, or is it Oz_y? 😜

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No!

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